Objective Long/Short (PRS) Report

July 3, 2024, 11:16 PM ET, BY Scott B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for PRS

• Buy PRS just above 24.06, target 24.86, stop loss at 23.99 details

The technical summary data tells us to buy PRS at 24.06 with an upside target of 24.86. This data also tells us to set a stop loss at 23.99 to protect ourselves from excessive losses in case the stock starts moving against the trade. 24.06 is the first support level below 24.76, and any test of support is usually a buy signal. In this case, support at 24.06 would be tested, so a buy signal would be present.

• Short PRS just below 24.86, target 24.06, stop loss at 24.93 details

The technical summary data suggests a short PRS as it approaches 24.86, with a downside target of 24.06. However, we should place a stop loss at 24.93. 24.86 is the first resistance level above 24.76, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 24.86 resistance is tested.

Swing Trading Plans for PRS

• Buy PRS just above 24.86, target 25.51, stop loss at 24.79 details

If 24.86 starts to rise, the technical summary data tells us to buy PRS just above 24.86, with an upside target of 25.51. The data also tells us to set a stop loss at 24.79 in case the stock turns against the trade. 24.86 is the first resistance level above 24.76, and any break above resistance is usually a buy signal. In this case, 24.86, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short PRS close to 24.86, target 24.53, stop loss at 24.93. details

The technical summary data suggests a short of PRS if 24.86 is tested with a downside target of 24.53. However, we should place a stop loss at 24.93 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 24.86 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for PRS

• Buy PRS just above 24.86, target 25.51, stop loss at 24.8 details

If 24.86 starts to rise, the technical summary data tells us to buy PRS just above 24.86, with an upside target of 25.51. The data also tells us to set a stop loss at 24.8 in case the stock turns against the trade. 24.86 is the first resistance level above 24.76, and any break above resistance is usually a buy signal. In this case, 24.86, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short PRS close to 24.86, target 24.06, stop loss at 24.92. details

The technical summary data suggests a short of PRS if 24.86 is tested with a downside target of 24.06. However, we should place a stop loss at 24.92 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 24.86 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Prudential Financial Inc. 5.625% Subordinated Notes due 2058 (PRS) available here: PRS.

PRS Ratings for July 3:

AI-generated signals for PRS

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Prudential Financial Inc. 5.625% Subordinated Notes due 2058 (NYSE: PRS) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for PRS change over time so the report should be updated regularly. Subscribers receive real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when PRS tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or go short and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for PRS. All of these are offered below the summary table.